Private equity firm may raise over 4 billion yuan to repay loans tied to 2019 leveraged acquisition as appliance maker lags rivals
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Zhuhai Mingjun acquired a 15% stake from Gree's state-owned shareholder in late 2019 for 41.7 billion yuan. Photo: VCG
After the southern Chinese city of Zhuhai sold its economy’s crown jewel, the state-capital binge that followed produced immense…
After the city of Zhuhai sold its economy’s crown jewel, the state-capital binge that followed produce some unwelcome consequences
Zhou’s case follows debt-driven expansion and a landmark stake sale that reshaped the appliance giant
Investors include battery giant CATL and German auto-parts maker Bosch
The company reported a net profit of 9.3 billion yuan (US$1.3 billion), down 14 per cent from 10.8 billion yuan a year earlier.
Shares of China's Dongfeng Motor Group skyrocketed after its parent company announced on Friday plans to take the automaker…
